Chegg (CHGG) Projected to Release Quarterly Earnings on Thursday

Chegg (NYSE:CHGG) is expected to be announcing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect Chegg to post earnings of ($0.05) per share and revenue of $49.4960 million for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:30 AM ET.

Chegg (NYSE:CHGG) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $63.26 million during the quarter, compared to the consensus estimate of $60.95 million. Chegg had a negative return on equity of 6.73% and a negative net margin of 26.89%. On average, analysts expect Chegg to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Chegg Trading Up 3.5%

CHGG opened at $1.02 on Tuesday. The company has a market cap of $113.86 million, a price-to-earnings ratio of -1.29 and a beta of 2.17. The stock has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $0.91. Chegg has a 12-month low of $0.45 and a 12-month high of $1.90.

Hedge Funds Weigh In On Chegg

A number of institutional investors and hedge funds have recently made changes to their positions in CHGG. Public Employees Retirement System of Ohio lifted its stake in shares of Chegg by 563.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 75,104 shares of the technology company’s stock worth $113,000 after acquiring an additional 63,790 shares during the last quarter. Centiva Capital LP bought a new position in Chegg in the 3rd quarter valued at $128,000. Jefferies Financial Group Inc. grew its position in Chegg by 14.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 88,269 shares of the technology company’s stock valued at $133,000 after acquiring an additional 11,000 shares during the last quarter. State of Wyoming increased its stake in Chegg by 49.8% in the second quarter. State of Wyoming now owns 112,885 shares of the technology company’s stock worth $137,000 after purchasing an additional 37,520 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Chegg by 365.9% in the second quarter. Tower Research Capital LLC TRC now owns 79,497 shares of the technology company’s stock worth $96,000 after purchasing an additional 62,433 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHGG. Zacks Research cut shares of Chegg from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of Chegg from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chegg has an average rating of “Reduce”.

Chegg Company Profile

Chegg, Inc (NYSE: CHGG) is a leading education technology company headquartered in Santa Clara, California. Originally founded in 2005, Chegg has evolved from a textbook rental service into a comprehensive digital learning platform. Its suite of subscription-based offerings addresses a wide range of academic needs, catering primarily to high school and college students seeking homework help, study resources, and career guidance.

The company’s core services include Chegg Study, which provides step-by-step solutions and expert Q&A support; Chegg Writing, offering plagiarism checks and guided writing assistance; and Chegg Math Solver, a tool for solving mathematical problems with detailed explanations.